REG – The devil is in the details…..

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  • #161628
    Anonymous
    Inactive

    I just started studying for REG and after finishing chapter one in Becker, I’m feeling like a deer in headlights.

    This tax chapter reads like stereo instructions and I’m really expected to memorize this minutiae of tax amounts and exceptions? I mean right down to the 55.5 cents per mile or what line a deduction goes on?

    I have no tax background, other than doing my own and taking a class in school and I never plan on working in the tax field. So why would a “entry level CPA” who may never even work in this field need to commit that level of detail to memory only to have it change a year later? Even a CPA who does taxes regularly, unless he’s an old fart still filing paper returns, is going to have software to aid them.

    I understand it’s important to grasp specific concepts but to have to remember this level of nonsense, when a simple reference search would find anything you needed to know in a less than a minute, is beyond belief.

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  • #301168
    Anonymous
    Inactive

    You don't need a perfect score you just need a score of 75. If others have passed this section so could you.

    Don't give up…

    #301169
    pinkpink114
    Participant

    No, listen to the lectures. Tim will say over and over, just remember this is the robin hood rule, you don't need to know the phases outs.

    I took REG in July and felt it was more “big picture” than it was a test of details

    #301170
    Peanut
    Participant

    Two things that were a major part of the confidence I had walking into that exam room with REG: 1. Take your own notes as you're watching the lecture, pause frequently! Lectures might take double the time, but you will retain double the material by writing it. 2. Wiley test bank! (I used Becker as my main review course as well) Having extra MCQs to practice will help you tremendously on the MCQs in the actual exam. Good luck! It can be over whelming at first, repetition is key!

    AUD 81 (X4) Previous scores 59, 72, 72
    REG 80 (X3) Previous scores 59, 60
    FAR 75 (X2) Previous score 67
    BEC 79 (X2) Previous score 58

    #301171
    Anonymous
    Inactive

    If I take this test at the end of november this year will I be tested on the 2010 deduction limits, the 2011 deduction limits or both? Becker keeps giving me the limits for both so I'm getting confused what I'm actually supposed to know for he test.

    Thanks.

Viewing 4 replies - 1 through 4 (of 4 total)
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